Risk of Higher Labor Costs From Competition for Talent
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 36 of 59 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If competition for talent intensifies further due to economic expansion and a declining working-age population, and the resulting increase in personnel expenses cannot be absorbed through greater operating efficiency, the company’s performance may be materially affected.」
The risks of competition for talent and higher personnel expenses continue. - FY2018First statedAnnual report
「Securing the personnel required to operate the Company is important, not only qualified specialists such as flight crew. If competition for talent intensifies further because of economic expansion and a declining working-age population, and higher labor costs cannot be absorbed through greater operating efficiency, the Company’s results could be materially affected.」
The Company separately identifies competition for talent and higher labor costs resulting from a declining working-age population and other factors as risks.